Train Alliance ended 2025 with a bang. The last land transaction was carried out at a 61% premium to its reported book value, highlighting the hidden value in its land bank. Strategic initiatives to develop infrastructure solutions for Swedish municipalities and rental income continued to grow strongly during the quarter. Train Alliance trades at a P/adjusted NAV of 0.56x. Our fair equity value range is SEK 21-26 (21-25).
LÄS MER
